Profits took a hit from low natural gas prices despite an increase in production at EQT Corp., one of the first major Marcellus drillers to announce earnings for the first quarter of a year punctuated by a rollback in shale activity.
An organization of Pennsylvania's municipalities is joining counties in opposing Gov. Tom Wolf's proposal to replace a variable fee on Marcellus Shale natural gas wells with a flat annual payment to local governments in drilling areas.
One proposal to build an ethane cracker in Appalachia took a step forward this week while another hit a delay as companies mull the economics behind spending billions of dollars to convert shale gas to chemicals.
According to the state Department of Environmental Protection (DEP) information, the number of unconventional well permits issued for this year's first quarter has dropped by 30 percent; the lowest it has been over the last five years.
Pennsylvania has gathered just two rounds of new monthly natural gas production reports from Marcellus Shale operators, but analysts say the more timely data has already become a valuable resource for tracking shifts in the nation's dominant shale gas field.